Tom Brady rookie card sold for $1.68 million in Litecoin
A unique feature of cryptocurrencies is that they can serve many roles. For instance, they can be considered as assets, as a store of value, or as currencies. Litecoin is one of the most used cryptocurrencies globally. Point in fact, it was recently used as the payment method for a rare Tom Brady trading card.
Litecoin used in paying for a Tom Brady card
The sporting world's adoption of cryptocurrencies has grown massively over the past year. This is set to continue as more people find uses for digital currencies. Trading card and collectibles marketplace Goldin Auctions announced that it sold a Tom Brady rookie card for $1.68 million. Additionally, the payment was made in Litecoin (LTC), one of the leading cryptocurrencies.Gemini exchange co-founder Tyler Winklevoss tweeted about this, revealing that the auction was made possible thanks to the partnership with their platform. He stated that "Someone just purchased the 2000 Playoff Contenders #144 Tom Brady card for $1.68 million with @Litecoin. This card, known as the "Holy Grail" of the collecting industry, was purchased on @GoldinAuctions through a partnership with Gemini. Onward!"
The rookie card is a rare 2000 Playoff Contenders card. It is considered the "Holy Grail" of the collecting industry due to its rare nature. So far, it is the most expensive collectible item paid for on the Goldin Auctions in cryptocurrency since the platform began accepting digital currencies as payment for its products last month.
Cryptocurrency is changing the collectible world
Goldin Auctions founder Ken Goldin said he is excited by the growth taking place in the industry. "The hobby is undergoing incredible growth, unlike anything I have seen in my 40+ years in the industry. Trading cards and crypto are now two of the most rapidly growing alternative asset classes, and we know there is a lot of overlap between the communities."Clearly, Tom Brady is considered the greatest football player of all time and one of the leading sportsmen in history. He won his seventh Super Bowl ring last season. As a result, this makes him the most decorated player in the National Football League (NFL) history.
Hence, the card changing hands for nearly $1.7 million wasn't a surprise considering Brady's position in the history of American sports entertainment.
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